Economics WAEC

A market structure where profit is maximized when marginal revenue, marginal cost, and price are equal is known as?

A. perfect competition
B. monopoly
C. oligopoly
D. imperfect competition

Correct Answer: Option A

A. perfect competition

AddThis Website Tools
Sunday

Share
Published by
Sunday
Tags: economics
5 years ago

Recent Posts

TEE 239 Theory Questions: Halliday’s Functions of LanguageTEE 239 Theory Questions: Halliday’s Functions of Language

TEE 239 Theory Questions: Halliday’s Functions of Language

200 Level Language Acquisition Process exam questions and detailed answers. Download the answers in document format.…

21 hours ago
TEE 239 Theory Questions: Functions of English in NigeriaTEE 239 Theory Questions: Functions of English in Nigeria

TEE 239 Theory Questions: Functions of English in Nigeria

200 Level Language Acquisition Process exam questions and detailed answers. Download the answers in document format.…

21 hours ago
TEE 239 Theory Questions: Innatist Theory and Mentalist Thought ​TEE 239 Theory Questions: Innatist Theory and Mentalist Thought ​

TEE 239 Theory Questions: Innatist Theory and Mentalist Thought ​

200 Level Language Acquisition Proces exam questions and detailed answers. Download the answers in document format.…

21 hours ago

TEE 239 Theory Questions: Language Acquisition and Learning

200 Level Language Acquisition Process exam questions and detailed answers. Download the answers in document format.…

22 hours ago

TEE 206 Theory Question: Lesson Plan for SS2 Students

200 Level English Language And Literature Methods exam questions and detailed answers. Download the answers in document…

23 hours ago

TEE 206 Theory Questions: Teaching Literature in Schools

200 Level English Language And Literature Methods exam questions and detailed answers. Download the answers in document…

24 hours ago